This chart has an incredible amount of technical damage and the fundamentals are also very poor. At a high level, this company has been passing satisfactory dividends at the expense of shareholder equity erosion and has seriously damaged the long term health of the company's balance sheet through leverage. Now this over-levered nonsense is cutting off the 737 product line entirely and Airbus is absorbing Boeing's forward production orders.
With the 100 EMA broken with conviction on the weekly chart, BA is positioned for a minimum move down to $225 level, with $166 and $130 as lower support levels. Take heed.
With the 100 EMA broken with conviction on the weekly chart, BA is positioned for a minimum move down to $225 level, with $166 and $130 as lower support levels. Take heed.